Montage Gold (CVE:MAU) Price Target Raised to C$3.75 at BMO Capital Markets

Montage Gold (CVE:MAU) had its target price hoisted by BMO Capital Markets from C$3.00 to C$3.75 in a research report released on Friday morning, BayStreet.CA reports.

A number of other equities analysts also recently commented on MAU. National Bank Financial upgraded Montage Gold to a “strong-buy” rating in a report on Monday, July 22nd. Stifel Nicolaus dropped their price objective on Montage Gold from C$2.60 to C$2.20 and set a “buy” rating on the stock in a report on Tuesday, October 8th. Cormark increased their price objective on Montage Gold from C$2.00 to C$2.50 in a report on Thursday, August 15th. National Bankshares set a C$2.50 price objective on Montage Gold and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Finally, Ventum Cap Mkts upgraded Montage Gold to a “strong-buy” rating in a report on Friday, September 27th. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Montage Gold currently has a consensus rating of “Buy” and a consensus price target of C$2.74.

Montage Gold Price Performance

CVE MAU opened at C$2.51 on Friday. The company has a current ratio of 5.75, a quick ratio of 0.36 and a debt-to-equity ratio of 1.11. Montage Gold has a 1 year low of C$0.55 and a 1 year high of C$2.58. The stock’s 50-day moving average price is C$1.92 and its two-hundred day moving average price is C$1.63. The company has a market cap of C$864.90 million, a PE ratio of -16.73 and a beta of 1.55.

Montage Gold (CVE:MAU) last released its earnings results on Thursday, August 22nd. The company reported C($0.03) earnings per share for the quarter, missing the consensus estimate of C($0.01) by C($0.02). On average, analysts predict that Montage Gold will post -0.04 EPS for the current year.

Montage Gold Company Profile

Montage Gold Corp., a precious metals exploration and development company, engages in the exploration and development of mineral properties. Its flagship property is the Koné Gold Project covering an area of 2,259 square kilometers located in the Côte d'Ivoire, West Africa. The company was incorporated in 2019 and is headquartered in Vancouver, Canada.